Jin Liqun (; born August 1949) is a

Chinese Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of va ...

politician A politician is a person active in party politics, or a person holding or seeking an elected office in government. Politicians propose, support, reject and create laws that govern the land and by an extension of its people. Broadly speaking, a ...

, banker, and professor. He is currently the President of the

Asian Infrastructure Investment Bank The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to improve economic and social outcomes in Asia. The bank currently has 105 members, including 14 prospective members from around the world. The br ...

(AIIB). He was formerly the Chairman of China International Capital Corporation, the Vice President of the

Asian Development Bank The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field office ...

, and the Vice Minister of Finance of the

People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

Early life and education

Jin was born in

Changshu Changshu (; Suzhounese: /d͡ʐan¹³ ʐoʔ²³/) is a county-level city under the jurisdiction of Suzhou, Jiangsu province, and is part of the Yangtze River Delta. It borders the prefecture-level city of Nantong to the northeast across the Yangt ...

Jiangsu Jiangsu (; ; pinyin: Jiāngsū, Postal romanization, alternatively romanized as Kiangsu or Chiangsu) is an Eastern China, eastern coastal Provinces of the People's Republic of China, province of the China, People's Republic of China. It is o ...

. He studied high school in

Jiangyin Jiangyin (, Jiangyin dialect: ) is a county-level city on the southern bank of the Yangtze River, and is administered by Wuxi, Jiangsu province. Jiangyin is one of the most important transport hubs on the Yangtze River, it is also one of the most d ...

but could not complete his education to

bachelor's degree A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six ...

level because of the

Cultural Revolution The Cultural Revolution, formally known as the Great Proletarian Cultural Revolution, was a sociopolitical movement in the People's Republic of China (PRC) launched by Mao Zedong in 1966, and lasting until his death in 1976. Its stated goal ...

. As a teenager he briefly joined the

Red Guards Red Guards () were a mass student-led paramilitary social movement mobilized and guided by Chairman Mao Zedong in 1966 through 1967, during the first phase of the Cultural Revolution, which he had instituted.Teiwes According to a Red Guard lead ...

and from 1968 was sent to work in the countryside to grow rice. For three years he did this agricultural work and still continued to study by himself, which led to an appointment as teacher in a local middle school. In 1978 the universities reopened and he entered

Beijing Foreign Studies University Beijing Foreign Studies University (BFSU; ), is a public university in Beijing, China. BFSU boasts the oldest language programs in China offering the largest number of foreign language majors on different educational levels. Located in Haidia ...

's Master program, graduating with a

Master of Arts A Master of Arts ( la, Magister Artium or ''Artium Magister''; abbreviated MA, M.A., AM, or A.M.) is the holder of a master's degree awarded by universities in many countries. The degree is usually contrasted with that of Master of Science. Tho ...

in English in 1980. He was later a

Hubert Humphrey Hubert Horatio Humphrey Jr. (May 27, 1911 – January 13, 1978) was an American pharmacist and politician who served as the 38th vice president of the United States from 1965 to 1969. He twice served in the United States Senate, representing Mi ...

Fellow in the Economics Graduate Program at

Boston University Boston University (BU) is a private research university in Boston, Massachusetts. The university is nonsectarian, but has a historical affiliation with the United Methodist Church. It was founded in 1839 by Methodists with its original campu ...

from 1987 to 1988. He is fluent in both English and French.

Career

In 1980 Mr. Jin joined the Chinese

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Eco ...

office at the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

, later becoming Director General of the World Bank Department, and Alternative Executive Director of China to the

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Grou ...

. He became Vice Minister in 1998. He was a member of the Monetary Policy Committee of the

People’s Bank of China The People's Bank of China (officially PBC or informally PBOC; ) is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by ...

. From 2003 to 2008, Jin was Vice President, and then Ranking Vice President, of the Asian Development Bank (ADB), in charge of programs for South, Central and West Asia, and private sector operations. Jin was the Chairman of the Supervisory Board,

China Investment Corporation China Investment Corporation (CIC) (Chinese: 中国投资有限责任公司; pinyin: ''zhōngguó tóuzī yǒuxiàn zérèn gōngsī'') is a sovereign wealth fund that manages part of the People's Republic of China's foreign exchange reserves. C ...

, from September 2008 to May 2013. From 2009 to 2012, Jin served first as Deputy Chairman, and subsequently as Chairman of the

International Forum of Sovereign Wealth Funds The International Forum of Sovereign Wealth Funds (IFSWF) is a nonprofit international group of sovereign wealth funds managers which was established in 2009. It is based in London, England. History In 2009, a group of 23 leading state-owned in ...

. Jin was then Chairman of China International Capital Corporation, a major Chinese

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

firm based in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

from May 2013 to October 2014. In October 2014 Jin became Secretary-General of the Multilateral Interim Secretariat established to create the AIIB. He became President-designate and in January 2016 he was elected as the President of the AIIB.The History of AIIB, About AIIB
/ref> Jin is an adjunct professor and doctoral advisor at both

and

Nankai University Nankai University (NKU or Nankai; ) is a national public research university located in Tianjin, China. It is a prestigious Chinese state Class A Double First Class University approved by the central government of China, and a member of the fo ...

Books

Jin led the translation work of classic banking history '' The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance'' and wrote ''Economic Development: Theories and Practices'' in collaboration with

Nicholas Stern Nicholas Herbert Stern, Baron Stern of Brentford, (born 22 April 1946 in Hammersmith) is a British economist, banker, and academic. He is the IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Cli ...

, then chief economist of the

European Bank for Reconstruction and Development The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focus ...

. Jin also published a book ''An Anthology of English Verse'' as an editor.

Personal life

Jin has a daughter named Keyu Jin, who is now a tenured associate professor of Economics at

London School of Economics and Political Science , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...

References

{{DEFAULTSORT:Jin, Liqun 1949 births Beijing Foreign Studies University alumni Boston University College of Arts and Sciences alumni Businesspeople from Ningbo Living people People's Republic of China politicians from Zhejiang Politicians from Ningbo Asian Infrastructure Investment Bank people